Quarterly report [Sections 13 or 15(d)]

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 3 Months Ended
Mar. 29, 2026
Mar. 30, 2025
Operating activities:    
Net income $ 2,989 $ 622
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 10,405 9,829
Non-cash lease termination and exit costs 361  
Stock-based compensation 1,134 1,632
Amortization of debt issuance costs and debt original issuance discounts 900 870
Deferred taxes   254
Changes in operating assets and liabilities, net of acquisition:    
Accounts receivable (12,036) 941
Inventory (454) (1,465)
Other current assets 124 1,240
Security deposits 34 (164)
Other assets (91) (84)
Accounts payable (4,509) (1,925)
Accrued expenses (1,086) 296
Operating lease liabilities and right-of-use assets 429 (38)
Other liabilities (1,265) (2,036)
Net cash provided by operating activities 21,667 8,540
Investing activities:    
Purchase of property and equipment (9,923) (14,345)
Acquisition related payments, net of cash acquired (194)  
Net cash used in investing activities (10,117) (14,345)
Financing activities:    
Borrowings of long-term debt 8,000  
Repayments of long-term debt and financing lease liabilities (17,363) 90
Tax-withholding obligation on stock-based compensation (209) (129)
Purchase of treasury stock   (307)
Net cash used in financing activities (9,572) (346)
Effect of exchange rate changes on cash (25) (4)
Net change in cash and cash equivalents and restricted cash and cash equivalents 1,953 (6,155)
Cash and cash equivalents and restricted cash and cash equivalents, beginning of period 4,667 28,075
Cash and cash equivalents and restricted cash and cash equivalents, end of period 6,620 21,920
Supplemental disclosure of cash flow data:    
Interest paid, net of capitalized interest 9,013 9,257
Income taxes paid 109 27
Accrued purchases of property and equipment 12,845 $ 12,681
Non-cash borrowings of long-term debt for acquisition $ 194